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How Much Is Clutter Costing You?

· emotional spending,financial wellness,life tips,reselling,money counseling

Okay, let’s be real for a moment. Why do we as Americans own so much stuff?

I’ll admit that I was someone who fell into the clutter trap in my 20’s. Clothing and shoes were my weakness, and it took me almost 2 years to declutter our home office.

When I entered my 30’s, I adopted the concept of “less is more.” My weakness can still be shoes, but I have learned some tricks to cutting down clutter.

First, let’s look at how clutter could cost you. Clutter costs you in 3 main ways:

1. Space

Many of us see an open space and subconsciously think we need to fill it with something. Eventually, though, we buy more and more things, and that space becomes too small, making us think we need a bigger home or more space.

2. Time

If you own too many things, it takes you much longer to find anything you’re looking for. It also makes it harder for you to keep your spaces clean and maintained. This is how professional organizers make a living—helping people with too much stuff organize it all.

3. Money

Of course buying all that junk costs you money. Even worse, some people have so much stuff they can’t even fit it all in their living space, so they turn to storage spaces, which costs an average $90 a month! Too much clutter can really take a toll on your financial wellness.

Here’s some tips to cut down on the clutter in your life.

Use the 24-Hour Rule

Do you really need another pair of shoes? Something that helps many people limit purchases is taking 24 hours to wait before making a purchase. Most of the time, within 24 hours, that item will lose its appeal. If you still struggle with overspending, you may want to check out my How to Stop Emotional Spending blog.

Out with the Old, in with the New

If you haven’t worn or used an item in 5 months, then sell or donate it! For me personally when it comes to clothes and shoes, for every new purchase I need to get rid of 1 item each time.

Make Some Extra Cash

If your budget is really tight, you can make some extra cash pretty easily by selling your clothes online. Reselling has become easier with apps like Poshmark, Depop, and Letgo.

An important part of financial wellness is figuring out how to make all your financial and life decisions align with your values. Cutting down on clutter is one of many ways a financial counselor can help you. Book your initial free consultation with Coremoney Coaching to work with a financial wellness coach today.

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